Today: September 30, 2024
Today: September 30, 2024

Latest From Reuters

Business|Economy

Cineworld plots sale of some UK cinema operations, Sky News reports

Cineworld is in talks over a possible sale as part of a strategic review that could lead to a wholesale restructuring of its business, Sky News reported on Saturday, citing unidentified

Cineworld plots sale of some UK cinema operations, Sky News reports
Business|Economy

Walgreens shelves plans for Boots IPO, Bloomberg News reports

Walgreens Boots Alliance has shelved plans for a potential initial public offering of its UK-based Boots drugstore chain as sale talks continue, Bloomberg News reported on Friday citing

Walgreens shelves plans for Boots IPO, Bloomberg News reports
Business|Economy

Visa and MasterCard face new UK lawsuits over merchant fees

Global payments processors Visa and Mastercard must face a new set of lawsuits over fees charged to retailers, after a London tribunal ruled on Friday that collective cases brought

Visa and MasterCard face new UK lawsuits over merchant fees
Business|Economy

Brazil central bank aligned over concern about market inflation expectations

Brazil's central bank chief, Roberto Campos Neto, expressed concern on Friday that financial markets were still expecting high inflation despite data showing moderation,

Brazil central bank aligned over concern about market inflation expectations
Business|Economy

US household wealth hit another record in first quarter, Fed data shows

U.S. household wealth rose to a record of more than $160 trillion in the first three months of 2024 thanks to the stock market's record run and gains in real estate, Federal Reserve data

US household wealth hit another record in first quarter, Fed data shows
Business|Economy

China's May exports rise 7.6%, imports increase 1.8%

China's exports rose 7.6% year-on-year by value in May, while imports increased 1.8%, customs data showed on Friday.

China's May exports rise 7.6%, imports increase 1.8%
Business|Economy

Global risk rally hinges on payrolls

A look at the day ahead in European and global markets from Rae Wee Closely watched U.S. nonfarm payrolls data on Friday marks the final piece in an eventful week that's been nothing short of a boon

Global risk rally hinges on payrolls
Business|Economy

Japan banks to begin divesting their strategic Toyota shareholdings, Bloomberg reports

Japan's two biggest banks will start divesting their strategic shareholdings in Toyota Motor - worth a combined $8.5 billion - and will seek to sell into the automaker's planned

Japan banks to begin divesting their strategic Toyota shareholdings, Bloomberg reports
Business|Economy

German exports rise more than expected in April

German exports rose by 1.6% in April compared with the previous month, the second straight month of gains, data from the federal statistics office showed on Friday.

German exports rise more than expected in April
Business|Economy

German industrial output falls unexpectedly in April

German industrial production fell by 0.1% in April compared to the previous month, hampered by a weakening in the construction sector, the Federal Statistics Office said on Friday.

German industrial output falls unexpectedly in April
Economy

Bundesbank warns about stubborn inflation, wage pressures

German inflation is proving stubborn, driven by a continued strong rise in wages, the Bundesbank said on Friday, a day after the European Central Bank cut interest rates on

Bundesbank warns about stubborn inflation, wage pressures
Economy

Which way to look first?

U.S. Federal Reserve and Bank of Japan meetings, a G7 gathering, plus key U.S. inflation and UK jobs data are all coming up in the week ahead - and that's not all.

Which way to look first?
Business|Economy

China's May new yuan loans seen rebounding on policy support: Reuters poll

China's new yuan loans likely rebounded in May from April, a Reuters poll showed on Friday, as the central bank told lenders to quicken bank lending to support the economy.

China's May new yuan loans seen rebounding on policy support: Reuters poll
Business|Economy

US check on sub-4% jobless, China imports slow

A look at the day ahead in U.S. and global markets from Mike Dolan After a frenetic week of G7 interest rate cuts, new records for stocks, another scramble for AI and a wave of elections, world

US check on sub-4% jobless, China imports slow
Economy

Ex-head of PBOC urges China to deepen reforms, limit government role in economy

China should deepen reforms to let market forces play a decisive role in the economy while limiting the state's role, Yi Gang, former governor of the People's Bank of China (PBOC),

Ex-head of PBOC urges China to deepen reforms, limit government role in economy
Business|Economy

Ukraine eyes partial debt write-off in restructuring talks, finance minister says

Ukraine's government is in talks with international bondholders to restructure its $20 billion in debt and is discussing a partial debt write-off, Finance Minister Serhiy Marchenko was

Ukraine eyes partial debt write-off in restructuring talks, finance minister says
Economy

Global equity funds rack up robust weekly inflows on rate cut bets

Global investors returned to equity funds in the seven days to June 5, powered by optimism that major central banks would cut interest rates as inflation moderated, while a drop in U.S.

Global equity funds rack up robust weekly inflows on rate cut bets
Business|Economy|Education

Bain Capital to take PowerSchool private in $5.6 billion deal

Buyout firm Bain Capital will take PowerSchool Holdings private in a deal valuing the education-software provider at $5.6 billion, PowerSchool said on Friday.

Bain Capital to take PowerSchool private in $5.6 billion deal
Business|Economy

Spirit Airlines not considering Chapter 11 bankruptcy

Spirit Airlines is not considering a Chapter 11 bankruptcy and is "encouraged" by the plan it has in place after its deal with JetBlue Airways fell through, the carrier's top boss said at

Spirit Airlines not considering Chapter 11 bankruptcy
Business|Economy

US bond funds gain robust weekly inflow as yields ease

U.S. bond funds secured the largest weekly inflow in four weeks in the seven days to June 5, driven by a rally in treasury bond prices after softer economic data bolstered expectations of

US bond funds gain robust weekly inflow as yields ease
Economy

Argentina year-end inflation estimate drops to 146% in cenbank poll

Argentina's inflation estimate for the end of this year came down to 146.4%, some 15 percentage points below the previous forecast, a central bank poll of analysts showed on Thursday,

Argentina year-end inflation estimate drops to 146% in cenbank poll
Economy

Japan consumer spending rises in April for first time in 14 months

Japanese household spending rose for the first time in 14 months in April from the year earlier, data showed on Friday, although the tepid growth showed consumers

Japan consumer spending rises in April for first time in 14 months
Business|Economy

Credit Suisse AT1 bondholders sue Switzerland in New York

A group of Credit Suisse bondholders holding $82 million worth of the failed bank's Additional Tier 1 (AT1) debt have filed a lawsuit against Switzerland seeking compensation, U.S.

Credit Suisse AT1 bondholders sue Switzerland in New York
Business|Economy

Hertz considers $700 million sale of secured debt plus convertibles, Bloomberg says

Rental car firm Hertz is weighing a sale of at least $700 million in secured debt and a convertible notes offering, as it looks to shore up its balance sheet, Bloomberg News reported on

Hertz considers $700 million sale of secured debt plus convertibles, Bloomberg says
Business|Economy

Emerson to exit Copeland JV in $3.5 billion deal with Blackstone

Emerson said on Thursday it had agreed to sell its remaining stake in its Copeland joint venture to Blackstone in a $3.5 billion deal, as the U.S. industrial firm further streamlines its

Emerson to exit Copeland JV in $3.5 billion deal with Blackstone

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